Bond Markets Steady as Mortgage Rates Hold This Week
May 29, 2026
Bond markets opened flat on Friday, May 29, 2026. The 10-year yield sat near recent levels while MBS prices gained ground. Softer monthly inflation readings helped offset stronger annual figures and durable goods data.
A second update showed bond prices rising modestly on hopes that tensions with Iran are easing. This shift could support slightly better mortgage rates today. Tomorrow brings key inflation and growth reports that will likely shape the rest of the week. Short-term float and lock guidance recommends locking for 7-day and 15-day periods while floating longer terms.
Housing inventory data remains unavailable this week. Mortgage rates continue to sit at elevated levels overall. Buyers and sellers should watch how mixed economic signals affect daily pricing. MBS movement registered at 0 basis points, keeping conditions stable for now.
These market moves mean buyers may see limited rate improvement in the near term. Sellers could benefit from steady conditions that support home values. Borrowers with upcoming closings should review their options carefully with current guidance in mind.
Overall the week closed with markets holding steady amid mixed signals. Contact a professional for personalized advice on your situation.